The New York Fed is supposed to regulate megabanks like Goldman. But secret tapes reveal a culture of regulators covering up for Goldman Sachs every time they make a mistake.

Last week, This American Life aired a blockbuster episode that unveiled secret tape recording made inside two of the world’s most secretive institutions: The New York Federal Reserve, and Goldman Sachs.

As our own Alexis Goldstein said on the show, “The New York Fed was acting more like Goldman’s defense attorney than its regulator.”

As was discussed on the show, Jamie Dimon is no longer regulating himself as a member of the board of the New York Fed. Here at Other98, we spent many months working to ‘Dump Dimon’ from the NY Fed, including sneaking that messages into JPMorgan Chase Headquarters…through cupcakes.